PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0761%/8h= +83.4% APRnext payment +$0.95 per $10,000 · paid last 24h +0.139%

Price spread now: Polymarket Perps against ApeX Omni−0.131%63s7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$970.972% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.560%+$56 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.131%, 7d avg −0.094%

Together, before fees+0.741%+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.038% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.094%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.560% in total) that is about 11 hours. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.6016	0.0100	pay 0.0013% / 1h	2m 19s	$35K	$345K	5x
Short	Polymarket Perps PONS-USD	0.6008	0.0861	get 0.0108% / 1h	2m 19s	$71K	$1.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now −0.131%Rate

Funding earned: $159.9
Price spread: −0.131% → −0.094%: −$3.76
Slippage, 4 orders: −$79.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $58.98
Costs to cover: 0.972%
Break-even: 4.4 days

Slippage from ApeX Omni: live order book, 55 min ago; Polymarket Perps: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 55 min ago	32.12 bp	39.5 bp −$39	116.9 bp −$1,169	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.16 bp	6.7 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0032%	1h	0.5998	−0.304%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.775%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6007	−0.151%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.6016	long leg	$35K	$345K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6010	−0.103%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6003	−0.218%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6006	−0.171%	$26K	$538K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6021	+0.088%	$65K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6013	−0.052%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6008	−0.135%	$374	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0283%	4h	0.6009	−0.111%	$1.4M	$3.9M	—	as long as short
Nado PONS-PERP	+0.0303%	1h	0.6005	−0.185%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0319%	4h	0.6002	−0.234%	$13.6M	$55.3M	20x	as long as short
Lighter PONS	+0.0368%	1h	0.6005	−0.188%	$1.6M	$897K	3x	as long as short
Lighter RH PONS	+0.0440%	1h	0.6007	−0.160%	$420K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0452%	4h	0.6007	−0.153%	$1.1M	$2.1M	20x	as long as short
Gate PONS_USDT	+0.0492%	4h	0.6003	−0.218%	$5.2M	$6.4M	20x	as long as short
Bitget PONSUSDT	+0.0492%	4h	0.6008	−0.140%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0499%	4h	0.6008	−0.135%	$17.9M	$30.9M	20x	as long as short
BingX PONS-USDT	+0.0573%	4h	0.6010	−0.101%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0600%	1h	0.6004	−0.204%	$108K	$813K	5x	as long as short
edgeX PONSUSDC	+0.0602%	4h	0.6004	−0.202%	$18K	$293K	10x	as long as short
MEXC PONS_USDT	+0.0602%	4h	0.6005	−0.185%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0603%	4h	0.6007	−0.151%	$39.3M	$95.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0692%	4h	0.6004	−0.206%	$1.6M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0817%	1h	0.6008	−0.130%	$61.4M	$28.4M	3x	as long as short
BloFin PONS-USDT	+0.0843%	4h	0.6010	−0.101%	$1.8M	$958K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6004	−0.197%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0861%	1h	0.6008	−0.131%	$71K	$1.6M	3x
Phoenix PONS	+0.1736%	1h	0.6012	−0.066%	$34K	$104K	3x	as long as short